Rakesh Jhunjhunwala-backed Nazara Applied sciences mobilises Rs 261.31 crore from anchor merchants

Among home merchants, SBI MF, HDFC Trustee, ICICI Prudential MF, Aditya Birla Sun Life, Nippon Life India, Axis MF, Kotak MF and Sundaram MF furthermore grew to change into shareholders in the company.

March 16, 2021 / 11: 21 PM IST

Rakesh Jhunjhunwala-backed Nazara Applied sciences, a mobile game company, has raised Rs 261.31 crore from 43 anchor merchants on March 16, sooner than its initial public providing (IPO) that opens on March 17.

The company suggested exchanges that below anchor merchants' (AIs) half in the final public self-discipline of Nazara Applied sciences, 23,73,395 fairness shares were subscribed at Rs 1,101 per fairness fraction.

Marquee merchants who got shares via anchor e-book included Authorities of Singapore, Abu Dhabi Investment Authority, Aberdeen Frequent Asia Focal point, Fidelity Funds, Nomura, Goldman Sachs, Franklin Templeton, Hornbill Orchid India Fund, Steadview Capital Mauritius, Eastspring Investments, Mentor Capital, Cohesion MK Easiest and Elara India Opportunities Fund.

Among home merchants, SBI MF, HDFC Trustee, ICICI Prudential MF, Aditya Birla Sun Life, Nippon Life India, Axis MF, Kotak MF and Sundaram MF furthermore grew to change into shareholders in the company.

The final public self-discipline of Nazara Applied sciences will open for bidding on March 17 and can simply finish on March 19. The worth band of the supply has been fastened at Rs 1,100-1,101 per fraction.

Moreover be taught - Nazara Applied sciences IPO: 10 issues to know old to subscribing the self-discipline

The company is planning to mop up Rs 583 crore by its public supply. The 52,94,392 fairness shares IPO is an whole supply for sale (OFS) by promoter and merchants. Therefore, the total fund elevating minus self-discipline charges will whisk to selling shareholders.

Nazara Applied sciences is basically engaged in providing interactive video games, gamified studying and novel age Sports actions media and gaming subscription to the particular person hideous in India and assorted emerging markets and developed markets be pleased North The usa.

Investors in conjunction with Arpit Khandelwal has 11.32 percent shareholding in the company, Rakesh Radheshyam Jhunjhunwala holds 10.82 percent stake, Plutus Wealth Management LLP owns 6.57 percent stake, and IIFL has 19.87 percent shareholding.

The e-book working lead managers to the self-discipline are ICICI Securities, IIFL Securities, Jefferies India and Nomura Financial Advisory and Securities (India).

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